Would you mind to explain how did you get NPV and IRR? please, thank you so much.

Your department is interested in replacing an old, inefficient production machine with a new, more efficient machine. Youve been asked by your supervisor to justify the expense involved in purchasing the new machine. The following is information that has been collected about the situation:

Information Relevant to Both Machines Sales revenue: $100,000 per year Useful life of both machines: 5 years WACC 12% Tax Rate 40% Information on the Old Machine Sale value of the old machine today $15,000 Book Value of the old machine today $25,000 Labor costs per year $12,000 Materials costs per year $3,000 Energy costs per year $20,000 Depreciation expense per year $5,000

Information on the New Machine Cost of the new machine $60,000 Labor costs per year $2,000 Materials costs per year $1,500 Energy costs per year $10,000 Depreciation expense per year $12,000 What is NPV, IRR and Payback for this project?